Additional Powers and Functions of the Board of Management

In addition to the powers and functions specified in section 22 of the Act, the Board shall have the following additional powers and perform the following functions, namely:- (i) to hold, control and administer property and funds of the University; (ii) to administer any fund or resources placed at the disposal of the University for a specific purpose; (iii) to manage and invest money belonging to the University; (iv) to enter into, vary, carry out, confirm and cancel contracts on behalf of the University; (v) to borrow money or raise loans for the purpose of the University on the security of the property of the University or any other security; (vi) to approve the appointment of Officers, other than the Chairperson, President, Registrar and the Deans of the Faculties, teachers and to define their duties, emoluments and conditions of service subject to the provisions of these Statutes; (vii) to determine the form, provide for the custody, and regulate the rules of the Common Seal of the University; (viii) to arrange for holding of examinations and preparing results thereof; (ix) to ensure maintenance of proper standards of excellence in teaching and examination in consultation with Academic Council; (x) to acquire copyrights, trade-marks, patents or the like for any intellectual property produced or created by the University; (xi) to enter into collaboration with other Universities/Institutions within or without India for promotion of academic excellence research and consultancy etc; (xii) to determine scales of salaries of employees which shall not be less than the scales prescribed by the UGC/Regulating Bodies/State Government; (xiii) to create or abolish any teaching or non-teaching post(s) as per norms of Regulating Bodies; and (xiv) to create new department, abolish or restructure existing department in the University as per the provisions of the Act and the regulation of the Regulating Bodies.